Young & Gilling LTD says ..

Property Oracle says ..

This property in Cheltenham, Gloucestershire, is listed as a development opportunity with planning permission for seven one-bedroom apartments. The listing comprises of the conversion of existing buildings and new construction. The location in Lansdown is near several primary and secondary schools, some with outstanding Ofsted ratings. The location’s proximity to Cheltenham Spa railway station implies good transport connectivity. However, the immediate street environment is shown to be somewhat limited in terms of green space. The property’s current state appears to require some level of renovation before it’s ready for conversion. The list price of £425,000 is relatively high when comparing it to smaller apartment listings in the area, but this can be justified by the potential financial return from developing the property into seven flats. The lack of information concerning size (both plot and building) hampers a full and comprehensive analysis. Further details about the current building’s condition, the precise scope of the planned development, and the projected revenue would significantly improve the assessment of value.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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